Wall Street firm doubles down on bearish Palantir call, sees 70% downside ahead

Palantir (NYSE: PLTR) is facing renewed bearish pressure after Citron Research issued a warning, projecting that the stock could fall more than 70% from current levels.At press time, Palantir was trading at $148, down 8.24% on the day and extending weekly losses to over 20%. PLTR one-week stock price chart. Source: FinboldThe latest downturn adds to growing concerns that the stock remains significantly overvalued amid intensifying competition in the artificial intelligence (AI) and big data space.Citron Res ...